Particle Drilling shares fall as trial is suspended

GabrielMadway

SAN FRANCISCO (MarketWatch) -- Particle Drilling Technologies Inc.
pdrt
shares were down 15% at $2.79 in Thursday mornings trade after the Houston-based company said it has suspended the second commercial trial in the Uinta Basin due to a failure of the frac pump transmission. After the unit is repaired, the company plans to schedule and announce a continuation of trials. Particle Drilling expects the timing to be within 4 to 6 weeks.

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